UPDATE: Hershey Reports Strong Rise In Q2 Profit

Hershey Co

reported a strong rise in its Q2 profit. Hershey's quarterly profit surged to $130 million, or $0.56 per share, from $46.7 million, or $0.20 per share, in the year-earlier period. The company's revenue rose to $1.33 billion from $1.23 billion. Analysts were expecting earnings of $0.55 per share on revenue of $1.29 billion. Hershey now projects its 2011 earnings per share to rise by 10%. Hershey shares gained 1.85% to $59.40 in after-hours trading.